49.54
+0.02%
Close of 9 Nov 2026, in NOK
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About Var Energi A
Its shares trade on Oslo Børs under the ticker VAR.OL. It has been listed since 16 February 2022. In the fiscal year to 31 December 2025, it reported net income of $8.12bn. At that date it held total assets of $250.92bn and shareholders' equity of $5.37bn.
Vår Energi AS engages in the exploration and production of oil and gas. The company is headquartered in Sandnes, Rogaland. The company went IPO on 2022-02-16. The company operates four fields on the Norwegian continental shelf (NCS), located in the Barents Sea, the Norwegian Sea and the North Sea. The Company’s aim is exploration, development and production of hydrocarbons. Var Energi is engaged in large-scale national projects aiming to develop and demonstrate greenhouse gas (GHG) emission reduction capabilities The Company holds ownership interests in more than 30 partner-operated fields.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 16 Feb 2022
- Employees
- 950
- Website
- varenergi.no ↗
Leadership
Pay as last reported
- Ms. Thorhild WidveyIndependent Non-Executive Chairman of the BoardNOK 1.0m
- Mr. Nicholas WalkerChief Executive OfficerNOK 35.3m
- Ms. Liv Monica Bargem StubholtIndependent Deputy Chairman of the BoardNOK 668,250
- Mr. Carlo SantopadreChief Financial OfficerNOK 398,951
- Mr. Torger RodChief Operating Officer, since 2023NOK 21.8m
- Ms. Tone RognstadExecutive Vice President - People, Communication IT & DigitalNOK 6.5m
- Mr. Sverre BjellandExecutive Vice President - Legal, Compliance & Public AffairsNOK 9.2m
- Ms. Ellen HoddellExecutive Vice President - Safety and SustainabilityNOK 5.4m
- Ms. Claudia AlmadoriDirector
- Mr. Guido BruscoDirector
- Ms. Lilli FagerdalDirector, Employee Representative
- Mr. Francesco GatteiDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 71
- Environment
- 61
- Social
- 89
- Governance
- 65
- Direct emissions (scope 1)
- 195,706 t
- Energy emissions (scope 2)
- 7,927 t
- Value chain emissions (scope 3)
- 8,112,793 t
- Women in the workforce
- 28.42402%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Var Energi operates four fields on the Norwegian continental shelf with 950 employees.
- The company holds ownership in over 30 partner-operated fields on the NCS.
- Var Energi aims to develop greenhouse gas emission reduction capabilities in national projects.
Weaknesses
- Var Energi's IPO was on 16 February 2022 with limited market history.
- The company focuses on oil and gas exploration without diversification into renewables.
- Var Energi's operations are concentrated in the Barents Sea, Norwegian Sea, and North Sea.
Opportunities
- Var Energi can expand its greenhouse gas reduction projects in Norway.
- The company may leverage its 30 partner-operated fields for new partnerships.
- Var Energi can grow through national projects targeting emission reductions.
Threats
- Var Energi faces competition from other oil and gas producers in the NCS.
- The company is vulnerable to oil price fluctuations affecting its revenue.
- Var Energi's reliance on hydrocarbon production risks regulatory changes in the energy sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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